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Property profile & analytics
OFF-MARKET
Estimated value
$13,430,000
Outlet malls
2900 Martins Dr, Dayton, OH 45449-3602
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US66-2805187
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1994
Total area
129,829 SF
Lot
13.92 ac (606,355 SF)
APN
K46 01703 0001
UPID
US66-2805187
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lowe's Garden Center Garden Center
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Lowes For Pros Building Supply Hardware & Home Improvement
-
Installation Services General Contractor
-
Lowe's Home Improvement Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.75M
Blend (final)
Blend
$13.43M
Owner & transaction history
Cole Lo Miamisburg Oh LLC · 14 yrs held
Cole Lo Miamisburg Oh LLC
since 2011
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$21.7M
+175.8%
Apartment house (5+ units)
$8.7M
+10.7%
Office building
$8.6M
+8.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dayton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$21,695,000
Change: +176% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,705,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$8,570,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,135,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$13.43M
Range $12.09M – $14.77M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$307,953
Tax year 2023
Assessed value
$3,779,510
Assessed 2023
Previous assessed
$2,907,320
+30.0% YoY
Effective rate
8.15%
On assessed value
Assessed land
$1,173,610
Assessed improvement
$2,605,900
Land market value
$3,353,180
Improvement market value
$7,445,430
Total market value
$10,798,610
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1994
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
129,829 SF
Lot
13.92 ac (606,355 SF)
APN
K46 01703 0001
UPID
US66-2805187
Jurisdiction
MONTGOMERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$21.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.1M
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
YES
Cooling
Yes
Stories
1
Lot
13.92 ac
Current owner
From public records · entity-resolved
Cole Lo Miamisburg Oh LLC
Entity
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2011
—
Cole Lo Miamisburg Oh LLC
—
Deed Of Trust
related
$29,450,000 · Jackson National Life Ins Co
Sep 13, 2011
$11,650,000
Cole Lo Miamisburg Oh LLC
Rlg Martins Drive Ltd
Grant Deed
—
Oct 21, 2004
—
Rlg Martins Drive Ltd
Martins Drive Associates
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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